What to buy in a falling market? CLSA upgrades Varun Beverages to high conviction outperform

Brokerages issued updated recommendations on Balkrishna Industries, Varun Beverages, and Aurobindo Pharma. Balkrishna sees market share expansion, Varun Beverages is upgraded despite underperformance, and Aurobindo's Kakinada plant moves closer to profitability with the Penicillin-G boost. Recommendations indicate potential upsides for each stock.